Michaels Companies (MIK) Stock Down Despite Q2 Earnings Beat
Shares of The Michaels Companies, Inc. MIK declined roughly 15% during the trading session on Aug 30. Even though the company delivered earnings beat in second-quarter fiscal 2018 and also raised its full-year earnings view, the reason behind the stock’s slump was due to softness in comparable store sales (comps) and revenue miss […]